EMU: Flash PMI manufacturing surprises to the upside in July

FXStreet (Łódź) - The preliminary Eurozone PMI manufacturing rose to 51.9 in July, from 51.8 in June, according to data released today by Markit.

Market consensus pointed to a decrease to 51.7
Services PMI jumped to 54.4 from 52.8, against forecasts of dropping to 52.7. Composite PMI climbed to 54 from 52.8, against expectations of remaining unchanged.

EUR/JPY bounces after PMIs

The EUR/JPY bounced from a 5-month low and turned intraday positive after data showed German and Eurozone preliminary PMIs for July unexpectedly rose.
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